Top Stocks Today : IIFL Securities has Buy call on Sun Tv Network

IIFL Securities recommends buying Sun TV Network at the current market price of Rs 656, with a target price of Rs 672. The brokerage firm cited the company's strong financial performance, driven by growth in its TV and film segments. Sun TV's digital initiatives and its leadership position in the South Indian market are also considered positive factors. The stock has been performing well in recent months and is expected to continue its upward trajectory, making it a suitable investment opportunity for investors.

About Sun Tv Network:

Sun TV Network Limited is a leading Indian media and entertainment conglomerate. It is a subsidiary of the Sun Group, owned by the Maran family. Sun TV Network operates 33 television channels in India and 42 channels in over 25 countries worldwide. The company's flagship channel is Sun TV, the most watched Tamil-language television channel in India. Other popular channels include Gemini TV (Telugu), Surya TV (Malayalam), Udaya TV (Kannada), and Teja TV (Bengali). Sun TV Network also owns Sun Pictures, a film production and distribution company, and Sun NXT, a streaming service. The company's headquarters are in Chennai, Tamil Nadu, India.

52 Week Price Trend:

Sun TV Network's current market price (CMP) stands at Rs 656. Over the past 52 weeks, the stock has witnessed a high of Rs 734.9 and a low of Rs 393.8. This indicates a significant price movement range. The current CMP is closer to the 52-week high, suggesting that the stock has performed relatively well in recent times. However, it remains below the 52-week high, indicating potential room for further growth. Investors considering Sun TV Network should carefully evaluate the company's financial performance, market conditions, and overall industry outlook before making investment decisions.

Stratzy's MOST Analysis:

SUNTV has been assigned an AA- rating by Stratzy's MOST framework, highlighting a low level of fundamental risks associated with the stock. This rating is based on an assessment of the company's management, outlook, safety, and trend. The AA- rating indicates that SUNTV has strong fundamentals and is expected to perform well in the future. Stratzy's MOST framework provides investors with a comprehensive analysis of a stock's fundamentals, making it a valuable tool for decision-making.

Company's Fundamentals:

Sun Tv Network (NSE: SUNTV) is a television broadcasting company based in India. As of today, the company's stock has a Price to Earnings (PE) ratio of 13.19, indicating that investors are willing to pay 13.19 times the company's annual earnings for each share. The Price to Book (PB) ratio of 2.47 suggests that the market value of the company's assets is 2.47 times its book value. Lastly, the Dividend Yield of 2.37% indicates that investors can expect to receive a dividend of Rs. 2.37 for every Rs. 100 invested in the company's stock. These metrics provide investors with valuable insights into the company's valuation, profitability, and dividend potential.

Fundamental and Technical information provided in this blog were last updated on 26 Apr, 2024

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